For Vietnam, Ambassador Ted Osious - Chairman of the US-ASEAN Business Council said that the opportunities for US companies are huge even though the "headwinds" of the global economy are posing many challenges.
Chairman of the US-ASEAN Business Council, Ambassador Ted Osious, said that the prospects and potential for cooperation between Vietnamese and US businesses in 2024 are on a very strong upward trajectory and are increasingly being strengthened, especially after the two countries officially upgraded to a Comprehensive Strategic Partnership for Peace, Cooperation and Sustainable Development, on the occasion of President Joe Biden's state visit to Vietnam in September/ 9.
Ambassador Ted Osious made the above comment when talking with a resident reporter of Vietnam News Agency in Washington on February 22.
Evaluating the business prospects of Vietnamese businesses in particular and the Association of Southeast Asian Nations (ASEAN) in general with US partners in the context of the world economy facing many "winds" opposite," Mr. Osious emphasized that ASEAN is the bright spot of the global economy and the US private sector has many commitments to ASEAN.
In fact, as the number one investor in ASEAN over the long term, American companies have invested more in ASEAN than they have invested in China, India, Japan, South Korea and Taiwan. Loan (China) combined.
For Vietnam, the President of the US-ASEAN Business Council said that the opportunities for US companies are huge, although the "headwinds" of the global economy have been posing many challenges.
According to Ambassador Ted Osious, Vietnam and the US have many commitments to strengthening bilateral economic relations after the two countries officially upgraded to a Comprehensive Strategic Partnership for Peace, Cooperation and Development. Lasting.
According to Mr. Ted Osious's assessment, there are three areas that American businesses are interested in and will invest in Vietnam, including technology, energy and health care.
In the technology sector, the US is committed to helping Vietnam develop its semiconductor manufacturing industry, which requires many factors such as reliable energy sources, available water sources and a qualified workforce. Therefore, the US Government is investing in workforce development for Vietnam.
The US Agency for International Development (USAID) is investing $100 million in workforce development, and just announced a few days ago an additional commitment to upskill the workforce through through the University of Arizona. American companies are also very interested in the continuous development of the Vietnamese workforce.
In addition, the President of the US-ASEAN Business Council said that the two sides also have great opportunities for cooperation in the field of health care, an area that has had incredible cooperation, from preventing the SARS epidemic , to HIV/AIDS and COVID-19.
American companies also want to be able to produce pharmaceuticals and medical equipment in Vietnam and invest in the health care sector. He expressed confidence in the above great potentials and said that next month, some of those potentials will be realized.
Sharing more about the impact on Vietnam-US trade due to the disruption of commercial transport activities on the Red Sea, Chairman of the US-ASEAN Business Council, Ambassador Ted Osious said that the shipping time of goods By sea between the US and Vietnam, it takes an additional 10-15 days as well as increases costs, affecting exporters and causing damage to consumers.
According to him, the lesson here is that economic security is also national security. Therefore, he believes that close consultation between the US and Vietnam on challenges in the Red Sea as well as other security challenges and trade challenges is extremely necessary./.
Kieu Trang – Hong Nguyen
(VNA/Vietnam+)
